Senate Bill S652

2023-2024 Legislative Session

Relates to the sharing of revenue from gaming devices located within the county of Niagara

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Finance Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2023-S652 (ACTIVE) - Details

See Assembly Version of this Bill:
A5282
Current Committee:
Senate Finance
Law Section:
State Finance Law
Laws Affected:
Amd §99-h, St Fin L
Versions Introduced in Other Legislative Sessions:
2015-2016: S6795
2017-2018: S734
2019-2020: S119
2021-2022: S2699

2023-S652 (ACTIVE) - Summary

Provides that $1,600,000 of any funds from gaming devices located within the county of Niagara shall be transferred to the Niagara county industrial development agency for use to fund downtown economic development initiatives within the city of Niagara Falls.

2023-S652 (ACTIVE) - Sponsor Memo

2023-S652 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    652
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                              January 5, 2023
                                ___________
 
 Introduced  by  Sen.  ORTT  --  read twice and ordered printed, and when
   printed to be committed to the Committee on Finance
 
 AN ACT to amend the state finance law, in relation  to  the  sharing  of
   revenue from gaming devices located within the county of Niagara
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 99-h of the state finance law, as added by  section
 3  of  part B of chapter 383 of the laws of 2001, is amended by adding a
 new subdivision 3-b to read as follows:
   3-B.  ONE MILLION SIX HUNDRED THOUSAND DOLLARS OF ANY  FUNDS  ACTUALLY
 RECEIVED BY THE STATE PURSUANT TO SUBDIVISION TWO OF THIS SECTION, AFTER
 TRANSFER TO THE GENERAL FUND, SHALL BE TRANSFERRED TO THE NIAGARA COUNTY
 INDUSTRIAL DEVELOPMENT AGENCY FOR USE TO FUND DOWNTOWN ECONOMIC DEVELOP-
 MENT  INITIATIVES  WITHIN  THE  CITY OF NIAGARA FALLS INCLUDING, BUT NOT
 LIMITED TO, THE REHABILITATION OF BUILDINGS,  INSTALLATION  OF  SIGNAGE,
 TRAINING  OF  EXISTING  OR  NEW EMPLOYEES IN TECHNIQUES RELATED TO THEIR
 INDUSTRY, AND INSTALLATION OF APPROPRIATE  INDUSTRY  RELATED  MACHINERY,
 BUT  SHALL  NOT  INCLUDE GENERAL OBLIGATIONS AND RESPONSIBILITIES TRADI-
 TIONALLY PROVIDED BY THE CITY OF NIAGARA FALLS.
   § 2. This act shall take effect immediately; provided,  however,  that
 the  amendments to section 99-h of the state finance law made by section
 one of this act shall survive  the  expiration  and  reversion  of  such
 section pursuant to chapter 747 of the laws of 2006.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD03401-01-3

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